The Hawaiian gazette., 1887-03-29
The New York Life insurance COM

pdny furnishes superb illustration
of the old adage that g fact is stranger
than fiction" Few people can realize
the full extent Of the meaning of
figures, and particularly of such ire
mendous figures, as are presented in
the report Of the New York Life In
surance Company. They are, in fact,
stupendous. They are, too, of such
wonderful collateral interest to so
many people in this country, so many
more, In fact, than are directly and
intimately concerned in the policies
issued by this. Company, that every
reader Of the GAZETTE should care
fully scan the statement published in
this weeks paper, and endeavor to
understand it fully. To aid slightly
in this, we desire to call attention to
few facts and prominent points of
the statement. And first, it will be
noted that the net cash assets Of the
Company on the first day of January.
1857, amounted to S75,421, 1887. If
these were the figures reported by the
United states Government, giving the
totals of some of its great financial
operations, it would not be quite so
startling; but when taken in connec-
ton with corporation of the State
of New York, the figures are wonder
fully large. The Company's surplus
by the New York state standard, Il
per cent, is S15,500,000. 1t has 81,
719 policies in force, insuring 1904,
\ ,373,540. 1t should be noted that,
Suring the last year, the Company
4 received million dollars more from
interest and rents than it was called
upon to pay for death claims and en-
dowments, and that it paid for div
dends, annuities and purchased poll
cies S4,3l1, lI9.I1 The New York
Life, for thirty years, has omitted
from its policies the clause making
them void in case of suicide. Very
few of the companies, if any, now
make that condition The New
York Life was the first company to
introduce the forfeiture policies
which gives the policy holders paid
up insurance for the full amount to
their credit in case of a discontinuapce
of the payment of premiums With
every policy issued by the New York
Life copy of the application upon
which the policy was issued is attach
ed, thus making a complete contract
between the insured and the insurer,
enabling the insured to correct any
mistakes while living, and avoid dis
pute after death. The policies of the
New York Life are exceedingly free
from all sorts of restrictions as to oc-
c1pation, residence and travel, and
claims under its policies are paid i'm
mediately upon the receipt and APP
proyal by the Company of satisfactory
proofs Of death. 1t issues a great
variety of policies, among others a
new one which guarantees a return
of al premiums paid in addition to
the amount, in case of death during a
specified period Its aim in issuing
this great variety of policies is to
meet the wants and desires of the
greatest number of people who may
wis) 1So take advantage of the benefits
accT,sng from life insurance. It
should be borne in mind the policy
holders Of the New York Life Insur-
cICbHnpany are the New York Life
INSTANCE Company; they are mem
bers of "a great corporation-members
off;a great co partnership, in which
the interests of all are alike and in
common. Whatever is for the success
of the New York Life Insurance Com
pany is, therefore, for the success of
every member, that is, every policy
holder of the Company, and whatever
benefits accrue to the New York Life
Insurance Company belong to the
poicy-holders thereof, and their equi-
table share will be received by them
In one way or another With such
magnificent past as has been the New
Life Insurance Company's, with its
tremendous increase in everything
that goes to make up great financial
institution, its possibilities and proba
bilities in the future are hardly tie be
conceived. But side by side with its
possibilities roll the great benefcent
factors of life insurance.
Under the direction of William H
Beers, President, Henry Tuck, Vice
President, and Theodore NJ. Banta,
Cashier, assisted by an influential !
Board of Trustees, the affairs of the
New York Life Insurance Company
are sure to be well managed.
Mr.. G. o. Berger, of this city, rep
resents this company as its sole agent |
for this Kingdom. All who wish to
! take life risks in this prosperous com
!, pany will do well to consult Mr.. Ber-
ger, who will furnish them with the
necessary details
The Normal Duration of Human Life
The cases in which well-known per-
sons have managed to prolong their
existence for more than a century
have become 50 numerous that there
does not seem to be any just ground |